If you want to sell your business and retire, you’ll need a plan to help you easily transition from your business. This plan is known as a ‘succession plan’. A succession plan can be developed years before you decide to retire, or later on.

Why do I need a succession plan?

• Streamline your transition to retirement.
• Maximise the return on your business investment.
• Make sure your future needs are met when you retire.
• Prepare your successor for handover and the future of the business.

A good succession plan will help you to achieve all of these goals. As you read on through the posts, we’ll guide you through how to develop a succession plan for your business.